Table of Contents
Public Announcement of the Decision on the Redevelopment Plan and Designation of the Redevelopment Area of Goejeong District 11
- The area of Goejeong-dong 358-1, Saha-gu, including the district map, location, number of households, project viability, and Busan investment
The Goejeong-dong area in Saha-gu, Busan has officially begun the redevelopment process to transform into a new residential space. The Saha-gu Office announced the public announcement regarding the 'Decision on the Redevelopment Plan and Designation of the Redevelopment Area of Goejeong District 11' as of October 15, 2025, and is currently collecting opinions from residents.
The public review period will run for over a month, from October 15 to November 17. An explanation meeting for residents will be held on October 27 at 4 PM in the main auditorium of the Saha-gu Office. The locations for the public review are set to be the Housing Maintenance Division of the Saha-gu Office and the Goejeong District 11 Promotion Committee office.
The project location is primarily in the area of Goejeong-dong 358-1, Saha-gu, covering an area of 147,231㎡. This area is expected to be designated as a new redevelopment maintenance area. According to the draft maintenance plan, this district will be upgraded from the existing general residential area type 2 to type 3 and is planned to transform into a large-scale residential complex centered on multi-family housing. Such developments are expected to improve the residential environment of the area and provide a better quality of life.
The floor area ratio of the project site is set to a maximum of 271%, while the building coverage ratio is planned to be below 30%. Furthermore, over 40% of the total households will be created with a dedicated area of 85㎡ or less, and more than 10% will be provided as rental housing. Additionally, various public facilities, cultural facilities, and parks will also be planned. According to the financial plan, the total expected income is estimated to be about 1.6 trillion won, while the project cost is estimated to be around 1.3 trillion won. As a result, the proportional rate is calculated to be 111.6%, indicating a stable revenue structure from a project viability perspective. These various factors are expected to contribute to increasing the likelihood of project success.
The Goejeong District 11 was previously referred to as Goejeong District 13 and is now officially being promoted as District 11. In 2023, it received conditional approval in the preliminary feasibility review, making this public announcement a significant step towards the establishment of a formal maintenance plan.
The site conditions of Goejeong District 11 are excellent. The area is adjacent to Goejeong Station and Saha Station on subway line 1, known as a double-station area. It also provides easy access to major roads such as Nakdongdaero and Sarilo. Nearby are Seunghak Elementary School and Dongju Girls' Middle School, indicating excellent educational environments.
Recently, in the Goejeong-dong area, new redevelopment projects in Goejeong Districts 5, 6, 7, and 8 are actively progressing besides the management and disposal information of Goejeong District 5. This is playing an important role in Saha-gu's redevelopment projects. However, some nearby districts are experiencing difficulties in selecting construction companies, raising concerns about the smooth progression of subsequent procedures in Goejeong District 11.
The results from this public announcement and the opinions gathered from the resident explanation meeting will be reflected in future city planning committee and landscape/architecture reviews. Once the designation of the maintenance area is finalized, it is expected to proceed to specific project stages such as project implementation plan approval and selection of construction companies.
Notice No. 2025-1201 of Busan Metropolitan City Saha-gu
Public announcement of the decision on the redevelopment plan and designation of the redevelopment area for the Goejeong District 11
In the area of Goejeong-dong 358-1, Saha-gu, Busan, regarding the establishment of the Goejeong District 11 Redevelopment Project plan and the designation of the redevelopment area according to Article 15 of the Urban and Residential Environment Maintenance Act and Article 13 of the Enforcement Decree of the same law, we hereby announce the holding of a resident explanation meeting and public review as follows. If you have any opinions, please submit your written opinions to the Housing Maintenance Division of the Saha-gu Office within the public review period.
October 15, 2025
Mayor of Saha-gu, Busan
1. Overview of the Resident Explanation Meeting
Date: October 27, 2025 (Monday) 16:00
Location: Saha-gu Office Auditorium (12, Nakdongdaero 398beon-gil, Saha-gu, Busan, 4th floor Main Building)
Participants: Landowners and residents
Content: Explanation of plan decision and designation of the redevelopment area
2. Overview of the Public Review
Period: October 15, 2025 (Wednesday) ~ November 17, 2025 (Monday) (for more than 30 days from the announcement date)
Location
1) Housing Maintenance Division of Saha-gu Office (12, Nakdongdaero 398beon-gil, Saha-gu, Busan, 1st floor of Annex 1)
2) (tentative) Promotion Committee Office (3, Sarilo 7beon-gil, Saha-gu, 2nd floor)
Content: Public announcement of the decision on the redevelopment plan and designation of the redevelopment area for the Goejeong District 11
1) Draft for designation of the redevelopment area
| Designation Type | Type of Project | District Name | Location | Area (㎡) | Remarks |
| New | Redevelopment Project | Goejeong District 11 Redevelopment Area | Goejeong-dong 358-1, Saha-gu, Busan | 147,231 |
2) Maintenance Plan
a) Estimated share by type of landowner and calculation basis
| Estimated Share | Total Estimated Income | Total Estimated Project Cost | Total Estimated Asset Value | Estimated Proportional Rate |
| 1,602,071,476,638 | 1,300,189,164,698 | 270,461,762,213 | 111.6% | |
| Calculation Basis | • Total Estimated Asset Value = Sum of estimated asset values by each landowner • Estimated Proportional Rate = (Total Estimated Income - Total Estimated Project Cost) / Total Estimated Asset Value • Estimated Share per Landowner = Subscription Price - Right Value | |||
The estimated value of the total asset presented above and individual burdens may fluctuate according to future management and disposal plans.
Therefore, a plan for changing the land use area is necessary.
| Type | Area (㎡) | Composition Ratio (%) | Remarks | |||
| Existing | Change | After Change | ||||
| Total | 147,231 | - | 147,231 | 100.0 | - | |
| Residential Area | General Residential Area Type 2 | 147,231 | Decrease) 147,231 | - | - | - |
| General Residential Area Type 3 | - | Increase) 147,231 | 147,231 | 100.0 | - | |
d) Land Use Plan
| Type | Area (㎡) | Ratio (%) | Remarks | |||
| Housing and Maintenance Infrastructure (Public Planning Facilities) | Total | 147,231 | 100.0 | |||
| [Housing] | 104,703 | 71.1 | ||||
| Multi-family Housing Land | 102,102 | 69.3 | ||||
| Religious Land | 2,601 | 1.8 | ||||
| [Maintenance Infrastructure] (Public Planning Facilities) | 42,528 | 28.9 | ||||
| Road | Maintenance Infrastructure | 223 | 0.1 | |||
| Public Planning Facilities | 25,904 | 17.6 | ||||
| Parking Lot | 2,300 | 1.6 | ||||
| Public Office | 1,200 | 0.7 | ||||
| Cultural Facilities | 1,550 | 1.1 | ||||
| Social Welfare Facilities | 150 | 0.1 | ||||
| Park | 5,543 | 3.8(2.2) | Duplicate decision for parking lot under the park (A=3,213㎡) | |||
| Green Space | 5,658 | 3.8 | ||||
d) Plans regarding the primary use, building coverage ratio, floor area ratio, and height of buildings
| Decision Type | District Type | Segregation Type | Location | Primary Use | Building Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) | ||
| Name | Area (㎡) | Name | Area (㎡) | ||||||
| New | Goejeong District 11 Redevelopment Area | 147,231 | I-1 | 48,249 | Goejeong-dong 350-70, Saha-gu | Multi-family housing and auxiliary welfare facilities | 30% or less | 271% or less | 100m or less |
| I-2 | 1,550 | Goejeong-dong 355, Saha-gu | Cultural facilities | 50% or less | 260% or less | 30m or less | |||
| I-3 | 1,200 | Goejeong-dong 354-5, Saha-gu | Public office | 50% or less | 260% or less | 30m or less | |||
| I-4 | 601 | Goejeong-dong 365-12, Saha-gu | Religious facility | 50% or less | 200% or less | 30m or less | |||
| II-1 | 29,193 | Goejeong-dong 302, Saha-gu | Multi-family housing and auxiliary welfare facilities | 30% or less | 271% or less | 100m or less | |||
| III-1 | 24,660 | Goejeong-dong 372, Saha-gu | Multi-family housing and auxiliary welfare facilities | 30% or less | 271% or less | 100m or less | |||
| III-2 | 2,000 | Goejeong-dong 365-3, Saha-gu | Religious facility | 50% or less | 240% or less | 30m or less | |||
| III-3 | 150 | Goejeong-dong 378-106, Saha-gu | Social welfare facility | 50% or less | 220% or less | 30m or less | |||
| Scale of Housing and Construction Ratio | • More than 40% of the total number of households to be constructed will be 85㎡ or less | ||||||||
| Matters Related to Rental Housing Construction | • More than 10% of the total number of households to be constructed will be built as rental housing • More than 30% of the total number of rental housing units or more than 5% of the total number of housing units to be constructed will be below 40㎡ | ||||||||
| Application of Relaxation Standards for Floor Area Ratio | ◦Standard Floor Area Ratio: 249% (Residential Maintenance Area 240%, Special Maintenance Area 9%) ◦Relaxed Floor Area Ratio: 32.7% - Incentives for providing public facilities = 16.7% - Local Economic Vitalization Incentives: 5% (Designer 5%) - Sustainable Multi-family Housing (standards for easy remodeling) : 5% ◦Permitted Floor Area Ratio: 281.7% ◦Planned Floor Area Ratio: 271% or less | ||||||||
e) Other Matters: See public announcement documents
3. Public Announcement Documents:
Omitted from publication (available at the public review location)
4. Method of Submitting Opinions:
Written submissions to the Housing Maintenance Division of the Saha-gu Office during the public review period
5. For further details, please refer to the documents available at the public review location, and note that the content may be changed according to the administrative procedures such as future landscape and city planning joint committee reviews.
Type
Announcement
Agency Type
District
Agency
Saha-gu
Public Notice Number
No. 2025-1201
Title
Public Announcement of the Decision on the Redevelopment Plan and Designation of the Redevelopment Area for Goejeong District 11
Date
October 15, 2025
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Frequently Asked Questions (FAQ)
Q. What are the main details of the Goejeong District 11 redevelopment project?
Goejeong District 11 redevelopment involves the creation of a large-scale complex centered on multi-family housing in the area of Goejeong-dong 358-1, Saha-gu.
The Goejeong District 11 redevelopment project will be carried out in the area of Goejeong-dong 358-1, Saha-gu, Busan. It spans approximately 147,000㎡, and the existing general residential area type 2 will be upgraded to type 3, creating a large-scale residential complex centered on multi-family housing. The floor area ratio is planned to a maximum of 271%, and the building coverage ratio to be less than 30%, while over 40% of all households will be offered with a dedicated area of 85㎡ or less, and more than 10% will be provided as rental housing. Additionally, various public facilities, cultural facilities, and parks will be constructed, promising a significant improvement in the residential environment.
Q. What is the financial viability and scale of the redevelopment project?
Total estimated income of about 1.6 trillion won, project costs of 1.3 trillion won, ensuring stable viability.
According to the financial plan of the Goejeong District 11 redevelopment project, the total estimated income is about 1.6 trillion won, while the estimated project cost is around 1.3 trillion won. Therefore, the proportional rate is calculated to be 111.6%, indicating a stable revenue structure in terms of project viability. This financial scale will play an important role in increasing the chances of project success.
Q. How can residents submit their opinions regarding the redevelopment?
Resident opinions can be submitted in writing to the Housing Maintenance Division of Saha-gu Office from October 15 to November 17.
The public review for the decision on the redevelopment plan and designation of the redevelopment area will take place from October 15 to November 17, 2025. The locations for the review are the Housing Maintenance Division of the Saha-gu Office and the Goejeong District 11 Promotion Committee office. Residents can visit in person to review the content during this period and submit written opinions to the Housing Maintenance Division of the Saha-gu Office. Submitted opinions will be reflected in the future city planning committee and landscape/architecture review process.
Q. When and where will the resident explanation meeting be held?
It will be held on October 27, 2025, at 4 PM in the auditorium of Saha-gu Office.
The resident explanation meeting related to the Goejeong District 11 redevelopment project will be held on October 27, 2025 (Monday) at 4 PM in the auditorium of the Saha-gu Office (4th floor Main Building) in Busan. This meeting will involve landowners and residents who will listen to the explanation regarding the decision on the maintenance plan and designation of the redevelopment area, and engage in Q&A. The interest and participation of residents are crucial procedures that can have a real impact on the progress of the project.
Q. What is the location and surrounding environment of Goejeong District 11 like?
It is located close to Goejeong Station and Saha Station on subway line 1, offering excellent accessibility to major roads, along with a great educational environment.
Goejeong District 11 is located between Goejeong Station and Saha Station on Busan subway line 1, known as a double-station area. It has very convenient traffic conditions, providing easy access to major roads like Nakdongdaero and Sarilo. There are educational facilities nearby, such as Seunghak Elementary School and Dongju Girls' Middle School, ensuring a favorable academic environment. These locational advantages will enhance the competitiveness of the redevelopment project and contribute to improving residents' quality of life.